Standard Form of Deferred Payment Letter of Credit
To
: ……………………………………
(as Advising bank)
Swift Code ……………………..
From
: ………………………………………
(as Issuing bank)
20
Documentary Credit no.
:
31C
Date of issue
:
31D
Date and place of expiry
:
50
Applicant
:
59
Beneficiary
:
32B
Currency code, Amount
:
41a
Available
with …
: with any bank
by …
: by negotiation / by deferred payment
42M
Mixed Payment Details
/ with the Issuing Bank
: ………… at sight
………… see Field 47A
42P
Deferred Payment Details
: see Field 47A
43P
Partial Shipments
: allowed
44A
Loading on Board/Dispatch/
Taking Charge at/from
: any Italian port
44B
For Transportation to
:
44C
Latest Date of shipment
:
45A
Description of Goods and or
Services
: goods as per Proforma Invoice no ……. dated …….. for total
amount of ……………… FOB/CIF ……………………………..
46A
Documents required
: 1. Signed commercial invoice in 5 copies indicating L/C no.
and Contract no. …….
2. Full set (5/5) of clean on board ocean bill of lading made
out of order and blank endorsed marked freight prepaid
notifying ………………………………
3. Packing list …………………………..
4. ………………………………………..
47A
Additional Conditions
: 1. The amount of the L/C …% of the Supply value
plus interest at the rate of …..% p.a. as per the
following schedule, payable in …. consecutive half-yearly
instalments due at 6, 12, 18, 24, 30, 36, 42, 48, 54 and 60
months respectively from the date of B/L:
Item Principal
71B
Charges
Interest
Total
Due Date
: all banking charges inside the Importing Country are for
account of Applicant; all those outside the Importing Country
are for account of Beneficiary
48
Period for Presentation
: 21 days from the shipment date
49
Confirmation Instructions
: without
53a
Reimbursement bank
: ………………………………………………
78
Instruction to the Negotiating bank
: …………………………………………….
57a
“Advise through” bank
: …………………………………………….
This credit is subject to UCP for documentary credit 1993
revision ICC publication No. 500.